Upcoming Changes in GSTR-1 You Must Know
GSTN has recently twitted about some upcoming changes in GSTR-1 which are as under:
- Column “Total Value” to be removed from Table-12 (HSN wise summary of outward supplies) of Form GSTR-1.
- A new entry “Rate of Tax” to be inserted in place of Column “Total Value”. Thus, HSN code to be reported Rate Wise.
- Changes in reporting of number of digit of HSN code as per Notification No. 78/2020- Central Tax and 79/2020- Central Tax Dated 15/10/2020.
Following image twitted by GSTN is showing all these changes which is attached below :